A course in actuarial sciences equips you to scientifically assess risk in various fields, but mainly in insurance, business and finance. Actuaries are an important component of risk-assessment as well as risk-management for any organisation. They use various statistical, mathematical and computational methodologies to give their assessment. Some of the job responsibilities of this job profile in life and general insurance business include designing and pricing of policies, monitoring the funds, recommending fair rate of bonus where applicable, insurance risks like legal liability, loss of profit, etc